Ple Corporation acquired 75 percent of Slice Company's ownership on January 1, 20x8 for $96.000. At that date, the fair value of the noncontrolling interest was $32,000. The book value of Slice's net assets at acquisition was $100.000 The book values and fair values of Slice's assets and liabilities were equal, except for Slice's buildings and equipment, which were worth $20,000 more than book value. Accumulated depreciation on the buildings and equipment was $30,000 on the acquisition date. Bulldings and equipment are depreciated on a 10-year basis. Although goodwill is not amortized, the management of Ple concluded at December 31, 20x8, that goodwill from its purchase of Slice shares had been impaired and the correct carrying amount was $2,500 Goodwill and goodwill Impairment were assigned proportionately to the controlling and noncontrolling shareholders. Trial balance data for Ple and Slice on December 31, 20x8, are as follows: Slice Company Debit Credit $ 21,000 12,000 25,000 15,000 150,000 Item Cash Accounts Receivable Inventory Land Buildings & Equipment. Investment in slice Company Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable Wases Payable Notes Payable Common Stock Retained Earnings Sales Income from Slice Company Pie Corporation Debit Credit $ 47,500 70,000 90,000 30,000 350,000 96,375 125,000 42,000 25,000 12,000 13,500 30,000 $145,000 45,000 17,000 150,000 200,000 102,800 260,000 12,375 $931,375 $931, 375 110,000 27,000 10,000 4,000 5,000 16,000 $ 40,000 16,000 9,000 50,000 60,000 40,000 180,000 $395,000 $395,000 Required: a. Record all consolidation entries needed to prepare a three-part consolidation worksheet as of December 31, 20X8. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.)